Do we get a cut?Transformation costs were lower than expected, in part due to delays in transformation expenditure related to the industrial relations situation.
Operating profit after transformation costs of £283 million benefitted from a one-off VAT credit of £35 million, lower depreciation and amortisation of £10 million, as well as £50 million lower transformation costs.
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Threat of strikes saves RM £50million...
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fishtank
- Posts: 19732
- Joined: 28 Sep 2007, 17:22
- Gender: Male
Threat of strikes saves RM £50million...
From the half year accounts...

good times, bad times you know I've had my share
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dvbuk55
- EX ROYAL MAIL
- Posts: 16650
- Joined: 02 Jun 2007, 19:17
- Gender: Male
Re: Threat of strikes saves RM £50million...
Yes indeed, there will be a cut in staff, overtime, goodwill and an increase in workload and bullying and harassment.fishtank wrote:From the half year accounts...
Do we get a cut?Transformation costs were lower than expected, in part due to delays in transformation expenditure related to the industrial relations situation.
Operating profit after transformation costs of £283 million benefitted from a one-off VAT credit of £35 million, lower depreciation and amortisation of £10 million, as well as £50 million lower transformation costs.
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Glenno
- Posts: 1491
- Joined: 05 Jun 2007, 13:12
Re: Threat of strikes saves RM £50million...
Oh dear here we go again

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Lincox
- EX ROYAL MAIL
- Posts: 3485
- Joined: 09 Jan 2008, 18:07
- Gender: Male
Re: Threat of strikes saves RM £50million...
The good thing about you DVB is you always look on the bright side. I only wish I could be so optimistic.
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dvbuk55
- EX ROYAL MAIL
- Posts: 16650
- Joined: 02 Jun 2007, 19:17
- Gender: Male
Re: Threat of strikes saves RM £50million...
That's me Lincox a real ray of sunshineLincox wrote:The good thing about you DVB is you always look on the bright side. I only wish I could be so optimistic.
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Lincox
- EX ROYAL MAIL
- Posts: 3485
- Joined: 09 Jan 2008, 18:07
- Gender: Male
Re: Threat of strikes saves RM £50million...
I know, but trouble is I think you have got it spot on. You can guarantee whatever we are given, will be taken back twice or even thrice in heavier and longer duties.